Traeger (NYSE:COOK - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.
COOK has been the topic of several other research reports. Telsey Advisory Group dropped their price target on Traeger from $2.00 to $1.75 and set a "market perform" rating on the stock in a report on Thursday, August 7th. Wall Street Zen cut Traeger from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Royal Bank Of Canada dropped their price target on Traeger from $1.50 to $1.25 and set a "sector perform" rating on the stock in a report on Thursday, August 7th. Finally, B. Riley cut Traeger from a "buy" rating to a "neutral" rating and dropped their price target for the company from $3.00 to $1.50 in a report on Wednesday, August 13th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $2.13.
Check Out Our Latest Report on COOK
Traeger Price Performance
Shares of NYSE COOK traded down $0.04 during trading on Tuesday, hitting $1.04. The company had a trading volume of 61,522 shares, compared to its average volume of 330,610. The company has a market cap of $140.64 million, a P/E ratio of -3.83 and a beta of 1.43. Traeger has a 52 week low of $0.98 and a 52 week high of $3.59. The business's 50-day moving average is $1.30 and its 200 day moving average is $1.51. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.38 and a current ratio of 2.92.
Hedge Funds Weigh In On Traeger
Several institutional investors and hedge funds have recently modified their holdings of COOK. Norden Group LLC grew its holdings in shares of Traeger by 27.2% during the 2nd quarter. Norden Group LLC now owns 23,350 shares of the company's stock valued at $40,000 after acquiring an additional 5,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Traeger in the second quarter worth about $57,000. Bank of America Corp DE lifted its position in shares of Traeger by 36.6% in the fourth quarter. Bank of America Corp DE now owns 33,314 shares of the company's stock worth $80,000 after buying an additional 8,933 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in shares of Traeger during the 2nd quarter worth about $93,000. Finally, Nuveen LLC acquired a new position in Traeger during the 1st quarter worth $122,000. 46.84% of the stock is currently owned by hedge funds and other institutional investors.
Traeger Company Profile
(
Get Free Report)
Traeger, Inc, together with its subsidiaries, designs, sources, sells, and supports wood pellet fueled barbecue grills for retailers, distributors, and direct to consumers in the United States. Its wood pellet grills are internet of things devices that allow owners to program, monitor, and control their grill through its Traeger app.
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